DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Avanza Fonder AB

Avanza Fonder AB decreased its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,934 shares of the company's stock after selling 3,828 shares during the quarter. Avanza Fonder AB's holdings in DoorDash were worth $4,530,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of DoorDash by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after purchasing an additional 317,502 shares in the last quarter. Capital World Investors boosted its holdings in shares of DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after buying an additional 2,538,160 shares in the last quarter. Franklin Resources Inc. raised its stake in DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after buying an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of DoorDash by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after purchasing an additional 86,667 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Up 1.1%

DoorDash stock traded up $2.36 during trading on Friday, reaching $218.96. The stock had a trading volume of 2,954,061 shares, compared to its average volume of 4,198,714. The business has a 50 day moving average price of $195.44 and a 200 day moving average price of $187.51. The stock has a market cap of $92.78 billion, a PE ratio of 810.96 and a beta of 1.67. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $220.88.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The company's revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. On average, equities analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DASH shares. Bank of America lifted their price objective on DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday. Wedbush restated an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Needham & Company LLC boosted their price target on shares of DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Susquehanna upped their target price on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a report on Thursday, February 13th. Eleven investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $210.21.

Insider Activity

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the sale, the chief financial officer now directly owns 337,430 shares of the company's stock, valued at approximately $63,173,644.60. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 62,267 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the completion of the sale, the chief operating officer now owns 942,554 shares of the company's stock, valued at $191,027,419.18. This trade represents a 6.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 298,030 shares of company stock valued at $59,433,406. 5.83% of the stock is currently owned by company insiders.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.